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Table II-1 β Descriptions/equations of the terms in Equation II-3. See Table II-2 for parameter names and values. bs is the battery size (kWh), though note that this terms cancels out in Equation II-3 and thus LCOS is independent of bs in this model. Symbol Name It Loan Lt payments OMt Details Annual loan paymentdueto thefraction(fd)of the capital cost that was financed by debt Equation 8πΆcap ($ ππhAF) βbG (ππh), t = 0 $0, t > 0 Investment expenditures Capital costs, only applicable at year 0 AF πΆ ($ππh )βb (ππh)βπ β (1+π-): β1 π-β(1 + π-): A cap $0, t= 0 β§ βͺb! (ππh) β ,π . G H ,t>0 π E , πππ$%# β€ πππ&'$ Operating and Maintenance costs Costs to have service provider center the average oxidation state via addition of reductants Energy stored Varies with dynamic accessed capacity Charging costs Costs to charge battery considering state of charge and inflation rate (ri) $ ππh β π£ππ ππ‘ π"#8πππππ₯.>βππ"#8 π >βπΆ"#B$C ππh πππ ππ₯. π€"# π (ππh)βcyclesperdayβπ ,π‘ > 0 8G !"# 5 + πππ ππ₯. π€hππππ"# B ππh C =Bπ(π)βF Bππππ(Cβ 1ππππC β 1ππππ β β¨ βͺ β©$0, πππ$%# > πππ&'$ πΆ 1 πππ π( () 1 πππ ππ₯. 3,600,000 ππ ππh Et 0(kWh),t=0 Ct πΈ (ππh)βCF βπ X$ππhAFYβ(1+π)7AE β(2-π ) %+$I Tt Taxes Paid on It πΌ% (ππh) βT 21PDF Image | Bringing Redox Flow Batteries to the Grid
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